Northwire Canada EditionSaturday, July 11, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Neutral

Strathmore Continues to Advance Agate Project with 2026 Drilling Program

Strathmore Clears $650K Debt via Dilutive Share Issuance as Agate Drilling Resumes

By The Northwire Desk — AI Analysis Mar 31, 2026 · 05:01 SUU · 0.18 Strathmore Plus Uranium Corp.
Executive Summary
  • Strathmore announced the commencement of its 2026 drilling program at the Agate Project in Wyoming, targeting up to 50 holes starting the week of April 13.
  • The company executed a debt settlement agreement for $650,000 in outstanding obligations, to be satisfied by issuing 3,250,000 common shares at a deemed price of $0.20 per share with no attached warrants.
  • $339,000 of the settled debt was owed to officers, representing a related-party transaction settled with 1,695,000 shares.
  • Assay results from 20 cored intervals drilled in 2025 are expected in mid-April 2026.
  • The 2025 program completed 45 holes with a ~95% mineralization hit rate, extending the northern Lower Sand trend by over 1,200 ft and the southern Middle Sand trend by 500 ft.
  • The release reiterates plans to secure a Plan of Operations (POO) permit to expand drilling beyond the current 5-acre disturbance limit.
Material Impact
  • The drilling update is a direct continuation of previously stated exploration plans and does not introduce new geological data or resource estimates.
  • The debt settlement removes a near-term liability and improves the balance sheet, but the issuance of 3.25M shares at $0.20 represents dilution at a premium to the current trading price of $0.18.
  • The related-party component ($339k) indicates management is absorbing some financial risk, but it also highlights ongoing cash constraints.
  • Overall, the news is expected and operational. It maintains project momentum without altering the fundamental risk/reward profile. The impact is neutral, leaning slightly negative due to dilution and lack of immediate catalysts.
SUU · Price
Company Overview
  • Strathmore Plus Uranium Corp. is an early-stage uranium exploration company focused on the Powder River Basin in Wyoming.
  • Flagship asset: Agate Project, comprising 124 wholly owned lode claims (~2,560 acres).
  • Geology: Shallow uranium roll-front deposits at 20-150 ft depth, historically mined by Kerr-McGee in the 1970s.
  • Strategic location: Adjacent to active and advanced projects operated by Cameco, Uranium Energy Corp (UEC), and UR-Energy.
  • Status: Pre-resource exploration phase, transitioning from trend extension drilling to grade verification and potential resource estimation.
Read the original news release →

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Jun 24, 2026 · 05:01

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